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IVD Medical Holding Limited ( (HK:1931) ) just unveiled an announcement.
IVD Medical Holding Limited has announced a potential major acquisition involving cryptocurrencies, with plans to purchase up to HK$3 billion worth of digital assets over the next 36 months. This move is part of the company’s strategy to consolidate its ETH Reserve Vault and accelerate the development of its ivd.xyz Exchange ecosystem. The acquisition mandate requires shareholder approval and is subject to the reporting and announcement requirements under the Hong Kong Stock Exchange’s Listing Rules. The company aims to leverage the volatile cryptocurrency market by making timely acquisitions, and shareholders are advised to exercise caution given the market’s unpredictability.
More about IVD Medical Holding Limited
IVD Medical Holding Limited is a company incorporated in the Cayman Islands, focusing on the medical industry. The company is involved in the development of medical products and services, with a particular interest in expanding its operations into the cryptocurrency sector.
Average Trading Volume: 1,695,790
Technical Sentiment Signal: Buy
Current Market Cap: HK$14.01B
For a thorough assessment of 1931 stock, go to TipRanks’ Stock Analysis page.
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